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Enter your income, savings and age. See your maximum flat budget, the 25% downpayment, your option fee and monthly repayment — on current HDB rules. Buying resale instead? Use the HDB loan calculator, and check stamp duty for either.
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Estimates only — not an offer of finance and not an HFE assessment. Loan eligibility is computed at HDB's 3% interest floor with the 30% Mortgage Servicing Ratio; the repayment shown uses the 2.6% concessionary rate (unchanged since 1999). The loan-to-value limit is 75% for both HDB and bank loans (HDB loans since 20 Aug 2024); bank loans additionally require at least 5% of the price in cash, and banks assess eligibility on their own stress rates. Your actual limits are set by your HDB Flat Eligibility (HFE) letter. Grants such as the Enhanced CPF Housing Grant can add to your budget — see the EHG guide — and are not included above. Verify your final figures with HDB or with me before you apply.
With an HDB housing loan, the downpayment is 25% of the flat price — the loan-to-value limit has been 75% since 20 August 2024 — and it can be paid fully with CPF Ordinary Account savings, cash, or a mix. With a bank loan the limit is also 75%, but at least 5% of the price must be paid in cash.
For uncompleted BTO flats, eligible buyers can split the downpayment: a smaller share when signing the Agreement for Lease and the remainder at key collection. Eligible young couples on HDB's deferred income assessment pay just 2.5% of the flat price at signing. Check your exact schedule with HDB, as it depends on your eligibility and financing.
$500 for a 2-room Flexi flat, $1,000 for a 3-room flat, and $2,000 for a 4-room, 5-room or 3Gen flat, payable when you book the flat. The option fee counts towards your downpayment.
The household income ceiling is $14,000 a month for families buying a new flat ($21,000 for extended or multi-generation families, $7,000 for singles buying a 2-room Flexi). You also need a valid HDB Flat Eligibility (HFE) letter before you can apply.
Up to $120,000 for first-timer families with average monthly household income of $1,500 or less, stepping down HDB’s published table to $5,000 at $8,501–$9,000; above $9,000 there is no EHG. It is paid into your CPF Ordinary Account and can fund the downpayment. Tick the first-timer box above to include it in your budget — full conditions are in the EHG guide.
HDB assesses how much you can borrow using an interest floor of 3%, even though the concessionary rate you actually pay has been 2.6% since 1999. This calculator does the same: your loan eligibility is computed at 3%, and the monthly repayment shown uses the 2.6% rate you would pay today.
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